Blog Post Outline: Views sought on new R&D contracting out rules and overseas restrictions

Introduction

Overview of HMRC’s technical consultation

Contracted-out R&D Activity

Explanation of contracted-out R&D activity

Importance of understanding the new rules

Overseas Rule Changes

Elimination of the term ‘qualifying overseas expenditure’

Implications of the overseas rule changes

Benefits of R&D Tax Reliefs

Highlighting the importance of R&D tax relief

Potential benefits for businesses

How to Participate in the Consultation

Guidance on participating in the technical consultation

Deadline for submitting feedback

Conclusion

Summary of the key points discussed

Encouragement to provide feedback on the proposed guidance